Audit Exemptions

Late Filing Penalties? Lost your Audit Exemption? We are here to help.

If your company has incurred late filing penalties or lost its audit exemption due to its failure to file annual returns or accounts, you are in the company of thousands of other Irish companies. Millions of Euro is spent on late filing fees every year. These provisions solely apply to annual returns filed after the 1st June 2015.

Most Common Problems?

Typically a person will establish an "off the shelf" company and not be fully aware of the time limits that apply. Similarly, details of a registered office are provided to the Companies Registration Office (CRO) and that address is not the main trading or business address of the company resulting in key information such as CRO notifications not getting to the directors or auditors in time or in many instances not being received by them at all.

The Law

Section 343 of the new Companies Act 2014, which commenced in June 2015 might be the answer to your problems. However, a zero tolerance approach has been adopted by the CRO and even if you file one minute after the deadline you will lose your audit exemption for 2 years. This can have a major impact on your company both practically and financially. CRO have stopped accepting appeals in relation to the late filing of annual returns.

We can provide immediate legal representation and practical support for you anywhere in Ireland. We are prepared to listen and to find the best solution for you.

Our Solicitors provide the prompt and responsive service that you need. We want to deal with the matter, on your behalf, as quickly as possible and to come up with the best solution for you. This will allow you to focus on running your business

Solving the problem

The implications are all a bit draconian, aren't they? Well, as we said Section 343 of the Companies Act 2014 offers some form of respite if you act fast if your annual return date has past. It is important that you contact us straight away as we can bring an application before the District Court in order to extend the time for filing your annual return. It is important that the reasons why are clearly set out in an affidavit to the Court. In most instances there is a good reason for the delay or oversight. This will result in your company keeping its audit exemption and where possible absolving the company of the late filing penalties.

How can we help?

We are in and out of court every day assisting companies like yours resolving their corporate and commercial legal issues. We are making applications on behalf of companies like yours that need to resolve their business issues fast. Our highly qualified and trained solicitors are here to help and can get deal with your District Court application fast.

To talk to a solicitor and get your Audit Exemption back, call us now on 01-6789 788 or email us at

Contact: Milan Schuster, Partner

T: +353 1 6789 788


Contact: Rosie Walshe, Solicitor

T: +353 1 6789 788